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30 percent drop in chip sales

30 percent drop in chip sales

The financial statements for the semiconductor industry for 2001 are not looking very rosy. Due to the general lull in the technology sector, the industry was able to sell around a third fewer chips this year than in 2000.

Industry sales fell to 152 billion US dollars (169 billion €), it says in a study published by Gartner Dataquest. This is the biggest slump that the semiconductor industry has ever suffered. The market leader Intel has only implemented 22 percent less, still around 23.5 billion US dollars. Toshiba, number two, lost 34 percent to $ 7.1 billion. Number three in the world market, STMicroelectronics posted a decline of only 19 percent to 6.4 billion US dollars. Number six, the Japanese NEC group, suffered the biggest drop in sales, a 49.4 percent drop to 5.4 billion US dollars.